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* Bitcoin is an innovative payment network and a new kind of money.

* Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies.

* Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto.


Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. 

Many marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Coinbase is a leading exchange, along with Bitstamp and Bitfinex. 

Bitcoin wallet

Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. 

Though each bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed – only their wallet IDs. While that keeps bitcoin users’ transactions private, it also lets them buy or sell anything without easily tracing it back to them. 


Bitcoin Mining

Bitcoin mining is the process of keeping records on the Bitcoin blockchain. The participants that take part in this process are called ‘miners’. These miners keep the blockchain ledger complete by grouping new transactions into a ‘block’ that is verified by nodes on the Bitcoin network.

Is Bitcoin Mining Still Profitable?

Bitcoin mining is regarded as a key facet of the underlying blockchain in the Bitcoin network, and it might stay key in the near future.

It's certainly worth considering before you go down the mining route.

01. Pick your mining company. 
02. Choose a mining package. Once you have picked a cloud mining provider and signed up, you need to pick a mining package. 
03. Pick a mining pool. 
04. Select a wallet.

search for google can find a large number of websites for mining bitcoin. There are those who get rich quick by mining bitcoin.